New research reveals the employee furlough surge of 2020 has resulted in a decline in corporate card fraud. But providers are anticipating a resurgence, and this week’s Commercial Card Innovation Tracker finds a range of new commercial card products and value-added features to support adoption....
Businesses have responded to the pandemic by tapping into their cash reserves, as around 32 percent of businesses plan to diminish their cash holdings in the next quarter, the Association for Financial Professionals (AFP) announced in a press release. The group’s AFP Corporate Cash Indicators...
The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. More than six in 10 — or...
While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights. In a press release Tuesday (April 9), the AFP announced...
February 14, 2024
Financial scams have become increasingly sophisticated with the use of generative artificial intelligence (AI). Criminals armed with generative AI tools can easily create realistic videos, fake IDs, false identities and convincing deepfakes of company executives, CNBC reported Wednesday (Feb. 14). The impact of these scams is significant, according to the report. A recent survey by the Association for […]
April 14, 2017
Fraud can happen on a multitude of levels in nearly any part of the economy. In the Association for Financial Professionals‘ 2017 Payments Fraud Survey, the organization saw a significant rise...
